IPO
The timeline — filing to first trade
Fastest registration-to-approval run in STAR Market history| Date | Milestone | Detail | Status | Source |
|---|---|---|---|---|
| Mar 2026 | IPO application accepted | Unitree's STAR Market registration is accepted, starting the fastest review clock in the board's history. | Done | Caixin |
| Jul 1, 2026 | CSRC approves the listing | The China Securities Regulatory Commission approves registration just 104 days after acceptance — a STAR Market record. | Done | Caixin |
| Aug 5, 2026 | Book-building | Institutional book-building runs, sponsored by CITIC Securities, which had guided a 60–100 billion yuan post-listing range. | Done | Caixin |
| Aug 6, 2026 | IPO priced — ¥150.80 (~$22.30)/share | ~40.44M shares priced for a ~¥6.1B ($904M) raise at a ~¥61B ($9.04B) valuation — above the ~$6.2B base guidance. DeepSeek joins as a strategic placement investor. | Done | CNBC / Global Times |
| Aug 10, 2026 | Public subscription opens | Online and offline subscriptions run simultaneously — the retail window for mainland investors. | Done | Gasgoo / Global Times |
| Aug 12, 2026 | Subscription payment due | Subscribing investors must fund their allocations. | Upcoming | Global Times |
| Aug 17–21, 2026 | Expected first day of trading | Unitree is expected to debut on the STAR Market in this window, becoming the first publicly traded pure-play humanoid robotics company. Exact date pending exchange confirmation. | Upcoming | Odaily / VT Markets |
The field — where $9B ranks in humanoid robotics
First pure-play humanoid robotics company with a public, market-set price| Company | Status | Valuation | Key backers |
|---|---|---|---|
| Figure AI | Private (Series C) | $39B | Parkway VC, NVIDIA, Microsoft, OpenAI Startup Fund |
| 1X Technologies | Private | ~$10B | OpenAI, Tiger Global, Samsung |
| Unitree RoboticsThis IPO | IPO priced — STAR Market (Aug 2026) | ~$9.04B | ByteDance, Alibaba, Tencent; DeepSeek (placement); sponsor CITIC |
| Apptronik | Private (Series A ext.) | ~$5.3B | Google, Mercedes-Benz, B Capital |
| Agility Robotics | SPAC merger pending (Nasdaq) | ~$2.5B | Churchill Capital XI, SoftBank, Amazon |
| Tesla Optimus | Division of Tesla (~$1.5T) | No standalone value | Tesla shareholders |
Valuations as of August 2026 — private figures reflect last disclosed priced rounds. Full ranking and financials in our Unitree IPO valuation deep dive.
Go deeper on the Unitree IPO
This tracker carries the dates and the price. For the full financial picture — 2025 revenue of ~$235M growing 335% at 60% gross margins, the H1 2026 growth deceleration, the FCC Covered-List overhang, and how the $9B print compares to Figure AI's private $39B — read the analysis, and follow the story as it develops on the company hub.
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IPO$904M IPO, ~$9B valuation
Unitree Prices IPO at $9B on Shanghai Market
Unitree Robotics priced its Shanghai STAR Market IPO at 150.80 yuan a share, raising roughly $904 million and valuing China's first publicly traded humanoid robot maker at about $9 billion.
BRIEF
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Unitree's IPO Gives Humanoid Robotics a Real Price Tag
IPO
Unitree's IPO Gives Humanoid Robotics a Real Price Tag
Unitree's Shanghai IPO, with secondary-market chatter running toward $14.8 billion against a $6.2 billion base, is about to give the humanoid-robotics sector its first transparent public price -- a sharp contrast to Figure's opaque $39 billion private mark.
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Unitree's IPO Subscription Opens August 10 -- What Changed
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Unitree's IPO Subscription Opens August 10 -- What Changed
Unitree set public subscription for August 10 on its Shanghai STAR Market IPO, offering 40.45 million shares, with first-half 2026 revenue guidance implying 35.6-45.4% year-over-year growth.
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What Unitree's Shanghai Listing Means for US Investors
IPO
What Unitree's Shanghai Listing Means for US Investors
Unitree Robotics choosing Shanghai's STAR Market over a US listing for its IPO is a clear example of how US-China tensions are pushing China's most valuable AI and robotics companies to list at home, cutting off ordinary US investors from direct access.
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Unitree Sets Shanghai IPO Subscription Dates
IPO~$618M target
Unitree Sets Shanghai IPO Subscription Dates
Chinese humanoid maker Unitree Robotics set book-building for August 5 and public subscription for August 10 on its Shanghai STAR Market IPO, targeting roughly $618 million at a $6.2 billion base valuation.
Unitree IPO — common questions
When is the Unitree IPO date?
Unitree priced its Shanghai STAR Market IPO on August 6, 2026, opened public subscription on August 10 (payment due August 12), and is expected to begin trading between August 17 and 21, 2026, pending final exchange confirmation. The China Securities Regulatory Commission approved the listing on July 1, 2026 — just 104 days after the application was accepted, the fastest turnaround in STAR Market history.
What is the Unitree IPO price?
150.80 yuan per share — roughly $22.30 at August 2026 exchange rates — announced August 6, 2026. Unitree is issuing about 40.44 million shares (10% of its enlarged share capital) to raise approximately 6.1 billion yuan (~$904 million). DeepSeek joined the deal as a strategic placement investor.
What is Unitree's valuation?
The final IPO price values Unitree at roughly 61 billion yuan, or about $9.04 billion — above the ~$6.2 billion base the deal was originally guided toward, and at the low end of sponsor CITIC Securities' 60–100 billion yuan post-listing guidance. That makes Unitree the third most valuable humanoid-robotics player, behind Figure AI ($39B private) and roughly level with 1X Technologies (~$10B), and the first pure-play humanoid robotics company to carry a public, market-cleared price.
Can US investors buy Unitree stock?
Not directly in most cases. Unitree lists on Shanghai's STAR Market, which is generally restricted to mainland Chinese investors, Qualified Foreign Institutional Investors, and Stock Connect-eligible accounts — a channel typical US retail brokerages don't offer. Realistic US exposure is indirect: China-focused ETFs such as KraneShares' STAR Market fund (KSTR) or its humanoid robotics fund (KOID), both expected to add Unitree after listing. Pre-IPO secondary marketplaces have shown indicative pricing but carry real liquidity and price-discovery risk.
Is Unitree profitable, and what are its financials?
Unitree posted 2025 revenue of about 1.708 billion yuan (~$235M), up 335% year over year at roughly 60% gross margins, and shipped 5,500+ humanoid robots in 2025 — more than any other company globally. The caution flag: first-half 2026 revenue growth decelerated to roughly 40% year over year. Net income is not publicly disclosed.